Possible downtrend continuation from now after the pattern completes.We could except the market to create a new LH or a retest of lows. It can be a false breakout and then a resume in trend but if it respects the Lower high then it would be a prominent sell.
Unbreakable Rules
1. Never add to a losing position.
2. Never risk more than 5 percent of your trading capital on any one trade.
3. Always have a protective stop in the market.
4. After a trade has been place. Think like you are viewing the market through a prism.
Guidelines
1. Never close a trade without a reason.
2. Take responsibility for your trades.
3. Markets that have higher lows are in uptrends. Markets that have lower highs are in downtrends.
4. Always do your analysis prior to the market open
Unbreakable Rules
1. Never add to a losing position.
2. Never risk more than 5 percent of your trading capital on any one trade.
3. Always have a protective stop in the market.
4. After a trade has been place. Think like you are viewing the market through a prism.
Guidelines
1. Never close a trade without a reason.
2. Take responsibility for your trades.
3. Markets that have higher lows are in uptrends. Markets that have lower highs are in downtrends.
4. Always do your analysis prior to the market open
Ordre annulé